U.S. Treasury prices fell Thursday as strong corporate profits and housing market data drew cash into riskier investments.
Cisco Systems, the world's largest maker of computer networking equipment, reported gangbuster earnings. Wal-Mart reported a jump in net income. And U.S. building permits jumped last month to the highest since August 2008, a sign that the housing market is beginning to bounce back.
The price of the 10-year Treasury note fell 15.6 cents for every $100 invested, pushing its yield up to 1.84 percent from 1.81 percent late Wednesday.
The price of the 30-year Treasury bond fell 65.6 cents per $100 invested, pushing its yield up to 2.96 percent from 2.91 percent late Wednesday.
The yield on the two-year note was unchanged at 0.29 percent.
The yield on the three-month Treasury bill fell to 0.08 percent from 0.09 percent.